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United Corporations Limited (T:UNC)

Business Focus: Closed End Funds

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Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEDAR
Company Contact
Address: 165 University Ave 10th Floor
TORONTO ON M5H 3B8
Tel: N/A
Website: www.ucorp.ca
IR: See website
Key People
Duncan N. R Jackman
Chairman of the Board, President
Scott F. Ewert
Vice President
Frank J. Glosnek
Treasurer
Richard B. Carty
Corporate Secretary
   
Business Overview
United Corporations Limited is a Canada-based closed-end investment company. The Company is an investment vehicle for long-term growth through investments in common equities. The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income. The assets of the Company may be invested in interest-bearing short-term securities pending the selection of equity investments. The investment portfolio of the Company comprises a mix of predominantly foreign equities. The Company has an investment portfolio in Canada; the United States; Mexico; Europe, excluding United Kingdom; the United Kingdom; Asia, and Australia. The external investment portfolio of the Company is managed by Jarislowsky Fraser Limited (Jarislowsky) and ValueInvest Asset Management S.A. (ValueInvest).
Financial Overview
For the nine months ended 31 December 2018, United Corporations Limited revenues decreased 71% to C$35.7M. Net income applicable to common stockholders decreased 79% to C$20.4M. Revenues reflect Other fair value changes in investments decrease of 99% to C$1.2M. Net income also reflects Directors and offices remuneration increase of 20% to C$324K (expense), Transfer, registrar and custody fees increase of 4% to C$430K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1,164M as of Mar 31, 2019
Annual revenue (TTM): $45.81M as of Mar 31, 2019
EBITDA (TTM): $35.48M as of Mar 31, 2019
Net annual income (TTM): $26.18M as of Mar 31, 2019
Free cash flow (TTM): $33.52M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 12,194,193 as of Dec 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization